Lenovo COO Jumps Ship To Become President And CEO At Chip Maker AMD

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Chip manufacturer Advanced Micro Devices (AMD) has named Rory P. Read its new president, CEO and board member, effective today. Read joins AMD from PC maker Lenovo, where he worked for five years and most recently served as president and COO.

Thomas Seifert, who served as AMD’s interim CEO since January 2011, will return to his role as SVP, Chief Financial Officer.

Seifert replaced Dirk Meyer, who led the team that designed and developed the Athlon processor and went on to become CEO at AMD until he was ousted in January 2011, following a dispute with the board about AMD’s direction.

The search for a new CEO took AMD, which rivals Intel, took over half a year but has now finally come to an end with the appointment of Read.

At Lenovo, Rory P. Read worked his way up to the role of president and COO in 2009, and helped turn Lenovo into the world’s fastest growing major PC manufacturer. Prior to Lenovo, Read spent 23 years at IBM, where he held a range of management positions.

AMD has not brought to market microprocessors designed for modern-day smartphones and few for tablet computers, focusing instead on desktop PCs, laptop, server, game console and graphics chips. We’re curious to see where AMD will be heading under its new leadership.

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OverviewAMD is an American semiconductor company that develops computer processors and related technologies for both commercial and consumer markets. They produce primarily microprocessors, motherboard chipsets, embedded processors, and graphics processors.
The company was founded in 1969. They are now the second largest producer of x86 chips in the market.

OverviewLenovo Group Limited is a Chinese multinational technology company that sells personal computers, tablet computers, smartphones, workstations, servers, electronic storage devices, IT management software, and smart televisions. In 2012, Lenovo was the world's second-largest personal computer vendor by unit sales. It markets the ThinkPad line of notebook computers and the ThinkCentre line of desktops.
Lenovo …